If gasoline prices move from their current average price of $3.20 to $5, the cost of fuel for a family that spends $50 a week for gas would move up over $1,000 a year. That would wipe out any tax rebate payments from the Federal government and drive the economy deeper into its currently slowdown. […]
that really blowes. i allready pay around 80 a week in just my truck and thats at 3.20 a gallon. at least my wifes car gets around 23 in the city. i need to invent a nuclear power source for my truck ;D
If gasoline prices move from their current average price of $3.20 to $5, the cost of fuel for a family that spends $50 a week for gas would move up over $1,000 a year. That would wipe out any tax rebate payments from the Federal government and drive the economy deeper into its currently slowdown. […]
What do y-o-u think? ???
There one minor thing the government could do and that would be to lower the taxes on gasoline at the pump, both state and federal. In North Carolina the tax on gas adds up to .42 per gallon. Granted with gas at the present $3.28 per gallon 42 cents isn't much and it will get more and more insignificant the higher the price of gasoline goes, still any little bit might help.
There is a downside of course, much of that .42 goes to road repair and such. Without that money our highway system will be in more and more need of repair.
Guess you just can't win.
There are some pretty serious problems with our economy that has me worried. The gas prices are a symptom and I wouldn't be surprised at all if it goes up to five bucks, maybe more. I like to be as self-sufficient as possible, but ain't got no oil well on the back 40.
-dulcich
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